Infographic: the better half of remittances
Debunking some common myths about women and remittances.
money transfer
Ingenico finds it a Small World for payments
Ingenico will begin processing payments for Small World in 18 countries, including the US.
Top 5 Best Challenger Banks: Revolut
Last month, we asked Paybefore.com visitors to vote for the Best Challenger Banks—the ones shaking up the status quo with a legit chance to become consumers’ preferred accounts, not just a stepping stone to the big banks. For the next few weeks, we’ll be sharing our spotlight articles on these challengers. First up is Revolut.
HooYu brings identity confirmation technology to BCRemit
Better onboarding and fewer fraud incidents are the goals of online money transfer platform BCRemit. The UK-based company has partnered with identity confirmation specialist HooYu to help them reach both of those critical objectives.
Venmo tests physical debit card
Venmo is planning to introduce a physical debit card to supplement its payments app.
Western Union to pay $586m fine for money transfer fraud
Western Union has admitted turning a blind eye as criminals used its money transfer services to launder money and commit fraud. It has agreed to pay a $586 million fine to the US authorities.
Azimo “industry first” to enable money transfers via Facebook Messenger
Azimo says it has become the first money transfer operator to enable money transfers worldwide via Facebook Messenger. “Money transfer is now social,” Azimo states. It describes its new functionality as “revolutionary”. It connects senders and receivers through their Facebook friend list, enabling them to exchange details immediately and links them to the Azimo app […]
Foreign money transmitters face state-by-state regs in the US
Some European money transmitter companies are learning what insurance carriers from outside the US. learned years ago — the country is a nightmare of financial regulations that can differ sharply from state to state. And European companies that are doing business in individual states probably need a license from that state.
PayPal partners with MoneyGram for cash withdrawal
PayPal users can withdraw money from their accounts and pick up the funds via money transfer company MoneyGram, following a deal between the two US firms that also will see PayPal customers loading funds into their accounts via MoneyGram by the end of the year.
Western Union debuts Nigerian mobile money transfer
Western Union has launched a mobile money service in Nigeria, which it says will help boost financial inclusion and provide new methods of money transfer for people sending and receiving money to Africa.
